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PF 7.00 Vocabulary

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.
When an individual gives out of excess in his or her life and the act provides positive emotions.
a)
Unhealthy Giving
b)
Healthy Giving
c)
Pro- Social Spending
d)
Financial Planning
2.
Anything that can be utilized to meet an objective. It can include human capital, money, time, emotion and more.
a)
Estate
b)
Financial Planning
c)
Resources
d)
Spending Plan
3.
Measure of satisfaction
a)
Utility
b)
Planning
c)
Well Being
d)
Values
4.
The desire to promote the welfare of others
a)
Giving
b)
Opportunity Cost
c)
Philanthropy
d)
Trade Off
5.
A person or institution named in a will to carry out the settlement of an estate
a)
Charity
b)
Beneficiary
c)
Guardian
d)
Executor
6.

The person who died

a)

Decedent

b)

Beneficiary

c)

Guardian

d)

Executor

7.
A lifetime transfer of property without receiving payment
a)
Gift
b)
Time
c)
Skills
d)
Values
8.
A person or institution who derives benefits from the owner when they die
a)
Executor
b)
Decendent
c)
Guardian
d)
Beneficiary
9.
A legal document that expresses a person’s wishes regarding prolonging his or her life 
a)
Time Utility
b)
Living Will
c)
Statement
d)
Liability
10.
A person legally charged with the duty of taking care of another 
a)
Beneficairy
b)
Guardian
c)
Executor
d)
Gifter